The hertz bankruptcy was just weird. My understanding of it: They have massive loans with their cars as collateral, when the pandemic started, used cars went do

The hertz bankruptcy was just weird. My understanding of it: They have massive loans with their cars as collateral, when the pandemic started, used cars went down in value so their creditors margin-called them. Hertz didn’t have the money and couldn’t come to an agreement so filed for bankruptcy. Used cars returned to more normal values so hertz isn’t really insolvent anymore so will probably get to survive bankruptcy.